Colombia’s Growth Is Slowing, Imperiling Gustavo Petro’s Agenda
This year, plans for major reforms will collide with slower growth and efforts to tame inflation.
BOGOTÁ — President Gustavo Petro and his coalition are gearing up for a pivotal year. They hope to pass major pension, labor market and healthcare reforms and deliver on a range of other campaign promises. But their efforts will be complicated by an economy that is set to slow dramatically in 2023. With the economic picture darkening, the success or failure of their plans may depend on two key questions: whether the government is able to deliver stronger economic growth, and whether reform proposals are moderated. In the wake of the pandemic, Colombia’s economy grew 10.7% in 2021...
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